⏳Cboe Exchange Proposes Rule Change on Timestamp Granularity
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 7.25 of the Exchange's Compliance Rule To Be Consistent With the Exemptive Relief Granted by the Commission From Certain Provisions Related to Timestamp Granularity
Summary
Cboe Exchange, Inc. has filed a proposed rule change to amend Rule 7.25 regarding timestamp granularity in compliance with the National Market System Plan. This rule aims to align with exemptive relief granted by the SEC, extending the exemption period to April 8, 2030, for certain timestamp reporting requirements. The rule change will impact how industry members handle timestamp data for reporting to the Central Repository.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by Cboe Exchange, Inc. updates timestamp granularity regulations for reporting to the Consolidated Audit Trail, affecting how financial firms must manage their data submissions. This has compliance and potential operational implications for businesses involved in trading NMS Securities and OTC Equity Securities.